JSW Energy Limited reported its results for the second Quarter ended 30th September, 2016.
Key highlights of Q2 FY 2017 (consolidated)
Net generation of 6,276 Mus up 11% , as against 5,637 Mus in the corresponding quarterof the previous year.
EBITDA of Rs.1,014 crore, down 18 % as against Rs.1,239 crore in the corresponding quarter of the previous year.
PAT of Rs. 217 crore, down by 59% as against Rs.534 crore in the corresponding quarter ofthe previous year.
During the quarter, the net generation was up by 11% as compared to the corresponding quarter of the previous year primarily due to increased generation from the hydro power plants acquired in September, 2015.
Generation at Vijayanagar & Ratnagiri plants were impacted due to non-availability of adequate schedule since orders oncertain tenders in which the Company had participated remained undecided, and Barmer plant was impacted by frequent back-downs.
Status Updates:
240 MW – at Kutehr, Himachal Pradesh: The enabling works on the project has beensuspended till the financial closure for the project is achieved. The cost incurred on the project up to September 30, 2016 was Rs. 272 crore.